Flender/Flender Gear Units/Bevel-helical gear Reduction Boxes B4
ts] Note 2 Related parties In 2, no deals or transactions were completed with related parties, defined in this context

as the Management andBoard of Directors of the parent company, over and above those pursuant to the respective employment contracts.Trade

between companies within the Group is carried out according to market terms. Note 2 Group overview Participating interests in subsidiary

undertakings Nominal share Registered capital office Currency 0 Ownership NEG Micon Steel / (former Alustl /) Denmark DKK 1,0 1%

DanControl Engineering / Denmark DKK 5 1%NEG Micon Wind Farms / Denmark DKK 1,0 1%Windia ApS Denmark DKK 2 1%Aktieselskabet af den 0.0.1 Denmark DKK 5 1%Global Renewable Energy Partners /(former NEG Micon Project Development /) Denmark DKK 1,0 1% TASMA GmbH Germany DEM 5 1% NEG Micon Deutschland GmbH Germany EUR 1,3 1%NEG Micon ... Spain EUR 1,1 1% TAIM NEG Micon Elica .. Spain EUR 6 1% NEG Micon Elica .. Spain EUR 6 7%Parque Eolica de Galicia .. Spain ESP 1,0 9%NEG Micon Holland .. The Netherlands EUR 1,3 1% Nedwind & .. The Netherlands NLG 4 1% Vindkompaniet Hemse AB Sweden SEK 9,8 8%NEG Micon UK Holding Company Ltd, UK GBP 2,5 1% NEG Micon UK Ltd. UK GBP 2,0 1%Aerolaminates Ltd. UK GBP 1,0 1%Thorfinn Wind Ltd, UK GBP 2,5 1% NEG Micon USA Inc. USA USD 1,1 1%NEG Micon Canada Inc. Canada CAD 1 1%NEG Micon KK Japan YEN 1,0 1% Wind Service Corporation KK Japan YEN 3,0 6% NEG Micon Guotuo Wind Turbine CO. Ltd. China CNY 2,9 6%Asian Wind Turbines Private Ltd. India INR 4,9 1%NEG Micon Argentina .. Argentina USD 3 1% Participating interest in associated undertakings & Wind Power .. The Netherlands NLG 4 3% The Wind Company UK Ltd. UK GBP 1 5% 5[Other company information] Production and component unitsAsian Wind Turbines Private Ltd.Vindkompaniet Hemse AB NEG Micon Holland .. NEG Micon Canada Inc. NEG Micon USA Inc. NEG Micon Elica .. NEG Micon Argentina .. NEG Micon Deutschland GmbH NEG Micon UK Holding Company Ltd. NEG Micon UK Ltd. Thorfinn Wind Ltd. W